EFIC insures Australian companies making new investments in overseas enterprises. Our Political Risk Insurance - Investor policy provides insurance against the Australian investor incurring financial loss on its investment where the loss was caused solely and directly by any of the insured political events.
Insured
Any company incorporated and operating in Australia and undertaking an investment outside of Australia.
Foreign Enterprise
The overseas company in which the investment is made.
Nature of Investment
Insurance may be extended to cover investments undertaken by way of direct equity or shareholder loans or guarantees to third party lenders.
Insured Political Events
EFIC will provide insurance against a loss incurred by the Insured where the sole and direct cause of the loss is one of the following political events:
- expropriation
- war damage/political violence
- currency inconvertibility and exchange transfer blockage.
Level of Indemnity
An insured's loss may be indemnified to a level of up to 90%.
Term of Policy
A policy's term will be for a duration of up to 10 years.
Currency of Policy
Policies will be issued in the same currency as the investment. This must be a freely available and convertible currency.
Costs
EFIC’s premium will vary depending on factors including the country for which cover is sought, the region where the investment or project is located, the period of insurance, the political risks being insured and the type of investment or project being undertaken.
DISCLAIMER This document is provided to give you an indication of the terms and conditions upon which EFIC may be willing to provide insurance. In connection with a particular transaction, EFIC reserves the right to make any changes or additions to the final terms and conditions that it believes are necessary or desirable. All requests for insurance are considered on a case by case basis.